General Motors Corp. (NYSE:GM) is trading down sharply after disclosing huge charges last night. The auto giant posted $43.1 Billion in quarterly revenues GM does note that ongoing challenges in the U.S.…
Douglas A. McIntyre According to Reuters, profits rose 2.7% at Toyota (TM) and the company raised full-year forecasts. Reuters writes that GM (GM) will take a $39 billion non-cash charge in Q3 Reuters reports that…
GM (GM) will take a $39 billion write-down for Q3 earnings. According to The Wall Street Journal "the move is triggered as the company expects to lose money on an adjusted basis…
Douglas A. McIntyre Ford (F) will be putting over $13 billion into a fund which the UAW will use to pay health-care costs. That will take the liability for these expenses off Ford’s balance sheet…
According to Reuters, Toyota (TM) and GM (GM) gained sales in October despite a weak US car market. Reuters writes that News Corp’s (NWS) MySpace joined the new Google (GOOG) association of…
Ford (F) had another bad month in November with US vehicle sales falling almost 10%. The double-digit monthly drops are now a bad habit. The company has also indicated that it is…
GM (GM) had another pretty good month in November. Sales of its cars and light trucks moved up 3.4% to just over 307,000. GM’s stock was off 4.2% to $37.54. Douglas A.…
Douglas A. McIntyre Most analysts believe that October car sales will be down slightly from a year ago. While units sold by GM (GM) and Toyota (TM) are expected to be relatively flat, Ford (F)…
Now that GM (GM) has its UAW deal in hand, it is hinting that getting its North American business back in shape still may take several years. "It has a chance to…
Douglas A. McIntyre It is Ford’s (F) turn to talk with the UAW. Negotiations with the other two US car companies are over. But, Ford in negotiating from a position of hunger. Its sales have…
According to Reuters "ratification of the tentative labor contract between the United Auto Workers union and Chrysler LLC was thrown into jeopardy on Monday after workers at four of the eight assembly…
Toyota (TM) recently had to recall several hundred thousand cars in it native Japan. It lost its top sport in the Consumer Reports reliability survey. Its shares trade near a 52-week low.…
According to Reuters, Halliburton (HAL) increased its third quarter profit by 19%. Reuters writes that Wal-Mart (WMT) will buy the part of its Japanese operations that it does not own for $350…
As the days pass and the UAW members vote on the union’s proposed deal with Chrysler, it appears that the agreement could be defeated. The Wall Street Journal writes that "workers at…
Following is the short interest in stocks of major companies traded on the NYSE. Figures are as of October 15 and compare to numbers on September 28, 2007. Most of the large…
